public debt

Update news public debt

ODA report: debts heaped on debts

The Ministry of Planning and Investment (MPI) has been asked to explain to the National Assembly why ODA (official development assistance) loans have reached a total of VND600 trillion, twice as much as the amount approved by the NA.

Vietnam's GDP growth cannot keep pace with an increase in public debt

Vietnam is still under big pressure to call for capital for domestic debt swap, with 50 percent of domestic debts expected to reach maturity in the next three years, according to the World Bank.

Public debt rising rapidly as number of civil servants remains high

VietNamNet Bridge - To curb the public debt, Vietnam needs to cut public spending, including the downsizing of civil servant staff.

NA debates revised draft law on public debt management

The third session of the 14th National Assembly (NA) spent the entire Friday morning discussing the (revised) draft Law on Public Debt Management, for the first time.

ODA policy harming Vietnam: JICA chief

 VietNamNet Bridge – Stringent regulations regarding foreign loans are influencing the disbursement of loans committed by lending organisations to carry out projects in Viet Nam, 

No choice but to step up fiscal prudence

VietNamNet Bridge – Increased growth, reduced spending and less debt guarantees are the solutions as rising public debt and its repayment exerts a lot of pressure on the Government, 

Public debt must be reduced

Associate Professor Tran Hoang Ngan, a member of the National Assembly Economics Commission, tells the Giao duc Viet Nam e-newspaper that he is confident the Government will implement in full the Politburo Resolution on managing public assets

Public debt near red line: NA deputies

 VietNamNet Bridge – The second session of the National Assembly yesterday continued with debates on a five year financial plan, targets and orientation for the mobilisation and use of loans as well as public debt management during 2016-2020.

Top lawmakers concern over lack of spending discipline

 VietNamNet Bridge – Top lawmakers meeting Saturday urged stricter financial discipline and better public debt management consistent with international standards.

Government reports on economy restructure, public debt

 The National Assembly (NA) on October 20 heard Government reports on the economic restructuring plan and the management of public debt during the 2016-20 period.

Congressmen propose public debt clock in three large cities

VietNamNet Bridge - National Assembly’s deputies think that it is necessary to set up public debt clocks in the central areas of large cities.

Vietnam’s 2014 public debt reached $102 billion: State audit

VietNamNet Bridge – The State Audit Office of Viet Nam (SAOV) has announced the official figure of the 2014 public debt at more than VND2.28 quadrillion, yet hinting that it might have reached higher than that.

State Audit to look into more areas next year

 VietNamNet Bridge – State Audit of Vietnam will expand its scrutiny into other areas next year, including land and natural resources.

Public debt is near ceiling limit

VietNamNet Bridge - If public debt increases by VND385.375 trillion as estimated, Vietnam’s total public debt would climb to VND2,993 trillion, or 64 percent of GDP.

New PM can talk the talk, can he walk the walk?

 VietNamNet Bridge – Earlier this week, Prime Minister Nguyen Xuan Phuc, who has been in his post for three months, asked his cabinet to be pioneers in practising thriftiness and cutting spending.

Banks' bad debts remain below Government's 3 percent target

 Non-performing loans (NPLs) as of the end of May accounted for 2.78 percent of the entire banking system’s total outstanding loans.

G20 will use 'all policy tools' to lift growth as Brexit weighs

 The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism.

Provincial debt seen inching up

Debt owed by provinces and cities is poised to increase steadily in the coming years as the Government will boost its on-lending of foreign loans and reduce budget allocations for projects using ODA and preferential loans in provinces.

What’s behind the government's $86 billion debt?

VietNamNet Bridge - The changes in debt structure, caused by the government's borrowing from domestic sources, and the rapid increase in total debts are two significant items included in the public debt bulletin.

Investment projects of powerful conglomerates lose trillions of dong

VietNamNet Bridge - A series of huge projects developed by economic groups belonging to the Ministry of Industry and Trade (MOIT) have reported losses worth trillions of dong of the state’s money.